Doji Patterns will be found based on 3 conditions - Check if Open-close difference is a certain percentage of High-low difference Check Upper & Lower wick sizes are greater than respective min threshold values Check if the difference of Upper & Lower wick size is higher than the min threshold value The threshold values are predetermined based on the...
Name: LumleyTrading Gaps Description: The Gap Tracker Indicator is a powerful tool designed for traders to identify, monitor, and capitalize on price gaps in financial markets. It serves two primary functions: Identifying Gaps: The indicator scans price action to detect instances where the current trading session's opening price significantly differs from the...
This script serves as the "Engulfing Candles" indicator in TradingView. Here's what it does: - It identifies bullish candlestick patterns where the current candle's high is lower than the previous candle's high, the current candle's low is higher than the previous candle's low, the current candle's close is higher than the previous candle's close, and the current...
This Pine Script indicator calculates and visualizes the price movement for each candlestick on the chart. - **Calculation**: The price movement for each candle is determined by subtracting the opening price from the closing price. - **Visualization**: The price movement is plotted as a histogram, with positive values indicating upward movement (green bars)...
- Overview Consecutive counting is a simple method to mechanically define trending states to the upside and downside. Consecutive counts are calculated by taking reference price level (e.g. close 4 candles ago) and count closes above/below it up to a maximum count that resets the consecutive count back to 1. This tool provides the means to backtest each count by...
Overview The indicator prints different colors on the candles for pre-determined amplitudes in relation to the simple moving average over the average true range. Calculations The indicated value of the simple moving average in relation to the average true range is being used to restrict the color of the candle signal to its pre-determined amplitude. How It...
🚀🎉 Introducing the Candlestick Trend Strength by AlgoAlpha, a dynamic TradingView indicator designed to visually communicate the strength and direction of market trends right on your charts! 🕯️💪 Key Features: 🌈 Visual gauge for trend strength, color-coded for intuitive insights. ⏳ Customizable trend detection and normalization periods to match your trading...
The "High-Low Difference" indicator calculates the difference between the high and low prices within a specified period. In technical analysis, the high and low prices of an asset over a given period can provide valuable insights into the price volatility and trading range. By subtracting the low price from the high price, this indicator quantifies the range...
When a candle opens and prints away without leaving a wick or tail, this Indicator will create a label above the open high or below the open low. When a candle open = low, or a candle open = high the label will appear, but will delete if the condition on that candle does not remain true. The label is fully customizable: Style Size Color Text Color Vertical...
The "Multi Time Period Chart" indicator in Pine Script is designed to overlay multiple sets of boxes on the chart, each representing price movements on different timeframes. It allows traders to visually compare price action across various timeframes simultaneously. The indicator offers flexibility by allowing users to choose between automatic mode (where...
We determine if the price is below EMA 9 by comparing the close price with EMA 9. We determine if the current candle body is huge compared to the previous candle's body. We plot EMA 9 in black color and EMA 200 in green color. We plot blue triangles below the bars for EMA crossover above and red triangles above the bars for EMA crossover below. We set the color of...
Simple break of structure and change of character indicator to help ease your analysis.
Strategy Overview: The strategy combines a range filtering technique with additional conditions based on RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence). Code Breakdown: Inputs: source: Price source for calculations (default is close). per1, per2: Periods used for calculating average range. mult1, mult2: Multipliers for adjusting...
This indicator achieves plotting Renko bars with no repainting by resetting the open of the first Renko bar every market open after the FOREX market close. The indicator displays Renko bars for a timeframe chart which means multiple Renko bars can appear in the same timeframe as a single chart candle. This is because Renko bars aren't time bound, they are formed...
Engulfing Patterns Bullish and bearish hugging candlesticks are powerful reversal formations that generate signals of potential reversals. These patterns are popular candlestick patterns because they are easy to spot and trade. When the second candlestick completely wraps around the previous candlestick, it is a signal for a market reversal. A positive line...
Indicator: Price Excess with Adjustable Recovery This indicator detects excessive price movements and displays a potential recovery level. It is particularly useful for identifying trading opportunities after significant market movements. >> Key Features: 1. Detection of upward and downward price excesses 2. Display of an adjustable recovery level 3....
► Overview: Manual TrendLine is a strategy that allows traders to manually insert a trendline and opens trades when the trendline is retested or when the price hits a new highest high or lowest low. It provides flexibility in trendline configuration and trading behavior, enabling responsive and adaptable trading strategies. ► Description: The Manual TrendLine...